3 ms·
If supply < $n/month is zero, what can you do? doesn't it just anchor prices at $n?
by m463 2y ago
If supply < $n/month is zero, what can you do?
doesn't it just anchor prices at $n?
- aetherson 2y agoA perfect cartel does indeed increase prices to the level of the cartel's minimum. But the greater the price difference is between the natural price and the cartel minimum price, the greater the incentive is to break the cartel.